LED Farming Market is projected to grow at a CAGR of 18.19% to reach US$12.760 billion in 2029

LED Farming Market

The LED farming market is expected to grow at a CAGR of 18.19% with a market valuation of US$3.961 billion in 2022 and is expected to reach a market value of US$12.760 billion by 2029.

Several factors are driving the LED farming market including the growing need for food products with the growing global population across the globe which increases the need for improving and expanding the farming process across several regions. Also, the adoption of eco-friendly practices for food and vegetables is anticipated to fuel the LED farming market growth over the forecast period.

As per the report, the LED farming market is expected to grow significantly.

LED farming is used for providing artificial lighting to the farms using the LED lights and it can optimize the farming process by increasing the farming hours for the farmer even when there is no daylight which results in higher and efficient yield of crops for the farmer. These LED lights are optimal for the farming process and consume less power during the usage of LED lights. These LED lights have plastic cases on them which makes them more robust compared to an ordinary bulb.

The market growth is driven by a rapid increase in the demand for food products across the globe with the growth of the global population. The technological advancements made in the field of agriculture contribute to expanding the farming process across several regions globally which will require LED farming for efficient farming and good yield. Therefore, these factors are expected to boost the overall LED farming market growth over the forecast period.

The LED farming market encompasses various applications, including vertical farming, indoor farming, commercial greenhouse, and turf and landscaping. This variety of applications available for LED farming includes vertical farming which is a controlled agricultural environment where crops are grown in vertically stacked layers and this variety of applications is anticipated to grow the LED farming market.

The LED farming market encompasses various wavelengths, including blue wavelength, red wavelength, and far red wavelength. Different wavelengths of LED farming cater to different needs of several end-user farmers like the blue wavelength which is around 425 – 450nm and has the most effective wavelengths of visible light. Therefore, different wavelengths for LED farming are anticipated to grow the market.

The LED farming market encompasses various crop types, including fruits & vegetables, herbs & microgreens, and flowers & ornamentals. LED farming can cater to different types of crops to extend their yield and help farmers improve the efficiency of the overall farming process including fruits & vegetables like tomatoes, potatoes, and carrots. hence, LED farming that can cater to a variety of crop types is predicted to grow the LED farming market over the forecast period.

The LED farming market is poised for growth in the Asia Pacific region due to the expansion of land for crop yielding in the region and the growing demand for higher crop productivity in the region with a high population. The farming process is rapidly growing across several regions and countries in the Asia-Pacific region with the growing amount of technological advancements in the agriculture industry to make farmers’ lives easy that includes LED farming which can help to increase efficiency and yield for the farmers and hence, the growing technological advancements are predicted to fuel the LED farming market growth in the Asia Pacific region.

Koninklijke Philips N.V., General Electric Company, AMS Osram Group (OSRAM Opto Semiconductors GmbH), Heliospectra AB, Hortilux Schreder B.V., Illumitex, LumiGrow, Hubbell, and California Lightworks— these are some of the key companies involved in the LED farming and each company brings its different or diverse expertise and products to the market which can further cater to the diverse needs of organizations and enterprises. They provide innovative solutions for improving the yield and efficiency of farming using LED lights and these companies play a vital role in optimizing the performance of the overall farming process.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/led-farming-market

This analytics report segments the LED farming market on the following basis:


  • By Application
    • Vertical farming
    • Indoor Farming
    • Commercial Greenhouse
    • Turf and Landscaping
  • By Wavelength
    • Blue Wavelength
    • Red Wavelength
    • Far Red Wavelength
  • By Crop Type
    • Fruits & Vegetables
    • Herbs & Microgreens
    • Flowers & Ornamentals
    • Other Crop Types
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others